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Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 11:57 am
by Over The Line
Newcastle United co-owners Amanda Staveley and Mehrdad Ghodoussi to leave the club

N
ewcastle United co-owners Amanda Staveley and Mehrdad Ghodoussi are to leave the club after three years at St James’ Park.

Staveley, 51, played a key role in orchestrating the Saudi Arabia Public Investment Fund’s (PIF) purchase of an 80 per cent stake in Newcastle for £300million (now $379m) in 2021, helping bring to an end Mike Ashley’s 14-year ownership of the club.

As part of that deal, she acquired a 10 per cent stake in Newcastle, having made three failed attempts to buy the club from Ashley in 2017. The Reuben family also bought a 10 per cent share. The Premier League faced criticism for approving the Saudi-backed takeover, including from Amnesty International who called it “an extremely bitter blow for human rights defenders”.

Staveley and her co-owners completed their takeover with Newcastle 19th in the Premier League table and with the financier predicting they could win the title within five to ten years. They sacked Steve Bruce as manager five weeks later and subsequently appointed Eddie Howe, who guided the club to safety in 2021-22.

After years of underinvestment, Newcastle spent around £92 million in the first transfer window post-takeover, more than any other club in Europe, with Staveley and Ghodoussi instrumental in bringing in high-profile players like Kieran Trippier and Bruno Guimaraes.

In their first full season as owners, Newcastle finished fourth in the Premier League in 2022-23 to secure Champions League football for the first time since 2003. They also reached the League Cup final, eventually losing out to Manchester United.

Last season, which was hampered by injuries and Sandro Tonali’s 10-month suspension for betting offences, they finished seventh, narrowly missing out on a return to European competition.

Their tenure has featured numerous highlights, from smashing their transfer record to sign Alexander Isak from Real Sociedad for £60 million two years ago and a £10 million spend on improving Newcastle’s training ground, to a remarkable 4-1 victory over Paris Saint-Germain in the Champions League.

Newcastle’s women’s team was a passion project for Staveley and was brought under the club’s umbrella for the first time in its history. They went full-time professional last season and secured back-to-back promotions into the FA Women’s Championship.

After being stripped back under Ashley, Newcastle now have a more rounded corporate structure, with Darren Eales in place as chief executive and Paul Mitchell recently replacing Dan Ashworth as sporting director. All parties have reluctantly concluded that the time is right for Staveley and Ghodoussi to step back and sell their shareholding and for the club to move on.

A Companies House update earlier this year showed that Staveley’s stake has been diluted to six per cent, with the Reuben family’s shares increasing.

In March, questions were raised about Staveley’s future at the club after filings on Companies House showed she had resigned as a director from 20 Newcastle-related companies. However, she quickly moved to assuage any doubts about her role at the club.

“The changes made… were purely administrative, to non-trading subsidiaries,” she wrote on Instagram. “After the takeover, Jamie (Reuben) and I stepped in as directors of all companies until we could build an executive team. We remain on the ‘top-co’ and the board.”

Staveley featured heavily in the We Are Newcastle United Amazon documentary last August and recently helped secure a deal between golf’s PGA Tour and the Saudi Arabia-funded LIV tour. She is expected to continue to work with PIF and remain involved in football.

She also previously helped broker the £210m sale of Manchester City in 2008 to Abu Dhabi’s Sheikh Mansour.
Probably not worth a new thread. Always was expected to happen eventually. Imagine PIF will start getting more involved.

Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 11:58 am
by Colback's Orange Tufts
EDIT Seems odd to sell their share as well as stepping down as directors. Maybe new equity investment is needed and they can't afford it

Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 12:54 pm
by TJR
Colback's Orange Tufts wrote:
Wed Jul 10, 2024 11:58 am
EDIT Seems odd to sell their share as well as stepping down as directors. Maybe new equity investment is needed and they can't afford it
Think that is probably the case.

Was originally:
PIF 80
Reuben 10
PCP 10

Now it's currently:
PIF 80
Reuben 14
PCP 6

So has been on that trajectory anyway. If PIF/Reubens are putting more money into the club, it's likely that Staveley can't afford it.

Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 1:01 pm
by Colback's Orange Tufts
TJR wrote:
Wed Jul 10, 2024 12:54 pm
Colback's Orange Tufts wrote:
Wed Jul 10, 2024 11:58 am
EDIT Seems odd to sell their share as well as stepping down as directors. Maybe new equity investment is needed and they can't afford it
Think that is probably the case.

Was originally:
PIF 80
Reuben 10
PCP 10

Now it's currently:
PIF 80
Reuben 14
PCP 6

So has been on that trajectory anyway. If PIF/Reubens are putting more money into the club, it's likely that Staveley can't afford it.
But you can just dilute them. Everyone else buys shares (at a discount), PCP does not and their share goes down. Odd to make them sell up

Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 1:25 pm
by Remember Colo
Setting aside the actual finances of it, I think it's a shame to lose actual faces representing ownership, who clearly had some emotional investment (women's team or otherwise), and instead likely have more involvement from people just representing an investment fund.

Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 1:33 pm
by bodacious benny
Remember Colo wrote:
Wed Jul 10, 2024 1:25 pm
Setting aside the actual finances of it, I think it's a shame to lose actual faces representing ownership, who clearly had some emotional investment (women's team or otherwise), and instead likely have more involvement from people just representing an investment fund.
This. Amanda especially seemed very passionate and committed to all areas, and came across well. Yes, she made some overly grand claims, but they came from a good place.

Will be interesting to see how things work going forward as they both seemed very active in the day-to-day running of the club.

Definitely thread worthy as big news.

Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 1:43 pm
by lassassinblanc
bodacious benny wrote:
Mon Jul 08, 2024 8:17 pm
lassassinblanc wrote:
Mon Jul 08, 2024 7:44 pm
Saint Max rumoured to be heading to fenerbache
Will his transfer fee be independently verified…? In todays market what we got for him was cheap.
Heading on loan

Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 1:55 pm
by Colback's Orange Tufts
He feels so Turkish superleague, although he's still young at 27.
I'd guess with his physical style and injury record, he won't play long into his thirties

Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 2:00 pm
by Over The Line
She's had a fair few court cases thrown at her recently. Any chance this is a way to protect the club in regards to any legal trouble going on?

Either way it's a little sad if it's a forced sale, despite whatever mistakes the board has made, she's one of the main reasons Ashley is out and we are looking up rather than down these days.

Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 3:33 pm
by Don Sholeone
It all feels very weird are the moment within the club, the lack of communication really doesn't help, the PSR issue not addressed by the club and this news breaking with every Journo under the sun reporting it and not a peep from the club once again.

Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 5:30 pm
by Remember Colo
This may sound a bit down mood, but this is kinda why I always question why people big-up us as such a great project that everyone should want to be a part of. We've now seen a lot of front office turnover, so that stability or expertise can be back into question, and people claim we have "the richest owner", but how much PIF wants to spend and how much sustainability policies allow them to spend limits that. On field and off field performance has been largely encouraging, but it hasn't set us apart from the best of the best (of yet), so I think we should continue managing expectations.

Which this forum generally does of course - but I think there are still more unanswered questions of what this club is and will be than others let on.

Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 5:55 pm
by Don Sholeone
I always said from the start that I'd judge the ownership on the football side. I think the first 2 years were great, this last year has probably been lacking imo.

Right now we need to be swift in appointing a figurehead for the club with the power to have the final say, for me it seemed a bit too much of having to wait for PIF to sign off on most things. It's great having Staveley and Co being the faces but it's never felt like they had much power in terms of the big decisions.

Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 6:16 pm
by bodacious benny
Don’t disagree with a lot of the comments on how some things could be done better. Tho sometimes fewer come are a good thing too so maybe we can’t have everything. There wasn’t a peep about this Mitchell guy, we’ve made signings out of the blue too - both positive and ways of doing business.

I think on field a lot of fans have unrealistic expectations on where we should be right now. Yes it has been 3 years, but that’s not a huge amount of time to undo 14 years of total neglect of every aspect of the club. That is as a huge thing to turn around, and they’ve largely achieved that. Within the constraints of finances we’ve gone from a relegation squad to one expected to qualify for Europe, and which would have done again last season had it not been for a freak cup final result meaning p7 didn’t get European football (which rarely ever happens). A lot of our fans need to stop thinking that we should be challenging for the league, stupid as it sounds I think a lot assume that after a mere 3 years that should be what’s happening.

Re: Transfer Rumours/Wishlist

Posted: Wed Jul 10, 2024 10:49 pm
by Don Sholeone
For me you have to build from where you are at, financially I 100% agree we can't really fast track that, but in terms of on the pitch you have to build forward from your last season, I think last year there was way too much of an acceptance that we would drop off, also I think the signings left a lot to be desired, i think we wasted money last year, Barnes, not knocking him as a player but we had just spent £40m on his position the previous window, he wasn't a vital signing. I think in the long term Livramento is a great signing but again you can argue he wasn't really a vital signing at the time.
4 of our recruits barely saw the pitch, Tonali needed more due diligence, Hall & Livramento were clearly not trusted as starting players, Barnes injury issues granted were unavoidable, but again overlooked when fit.

For me the last year was definitely underperformance across the board from club.

Re: Transfer Rumours/Wishlist

Posted: Thu Jul 11, 2024 2:50 pm
by Remember Colo
I just keep coming back to who to credit for the improvements at the club? I think we can agree there's been improved professionalism, communication, investment (infrastructure, playing staff, non-playing staff), hiring, marketing, coaching, etc. And with now the DOF and most visible and vocal members of ownership gone, it's hard to assess how much of that has been taken with them, vs. how much is a credit to others, vs. how much of the system has been put in place to continue improvement going forward.

Re: Transfer Rumours/Wishlist

Posted: Thu Jul 11, 2024 3:10 pm
by Colly
I'm not convinced communication is much better, despite the initial positivity and on field progress the Supporters Trust have been less than impressed with engagement. Ticketing has been pretty poor too, from the league cup final fiasco to unlimited memberships and lack of transparency on ticket availability.

Just on that note, do we think we've struggled to find opponents for pre season this year? The "Sela Cup" looks a bit s*** compared to last year.

Re: Transfer Rumours/Wishlist

Posted: Thu Jul 11, 2024 5:00 pm
by Remember Colo
Colly wrote:
Thu Jul 11, 2024 3:10 pm
I'm not convinced communication is much better, despite the initial positivity and on field progress the Supporters Trust have been less than impressed with engagement. Ticketing has been pretty poor too, from the league cup final fiasco to unlimited memberships and lack of transparency on ticket availability.

Just on that note, do we think we've struggled to find opponents for pre season this year? The "Sela Cup" looks a bit s*** compared to last year.
That was my impression to (re: communication), and it feels like the type of organization commitment that needs an executive champion to push for transparency, and then also a face for it. It's among the reasons I've always feared the investment being driven by a national investment fund.

Re: Transfer Rumours/Wishlist

Posted: Mon Jul 15, 2024 9:55 am
by lassassinblanc
Now Euros are over be interesting to see what happens now in terms of ins and outs

Expect to see
Dubravka
Targett
Almiron
Lewis


Most likely
Wilson
Trippier?
Murphy??

Malick Thiaw from AC Milan I've heard alot of chat about

Re: Transfer Rumours/Wishlist

Posted: Mon Jul 15, 2024 10:18 am
by bodacious benny
lassassinblanc wrote:
Mon Jul 15, 2024 9:55 am
Now Euros are over be interesting to see what happens now in terms of ins and outs

Expect to see
Dubravka
Targett
Almiron
Lewis


Most likely
Wilson
Trippier?
Murphy??

Malick Thiaw from AC Milan I've heard alot of chat about
Targett's wages will be a massive issue if we try to shift him. Can see him staying for that reason alone, but if he gets fit (what the f*** was wrong with him last season?!) he's a good backup.

Murphy 100% stays, Howe loves him and he's generally done alright and a solid enough squad player.

Agree on Miggy, Dubravka (probably our easiest player to sell), Lewis (wages will be high again, as he'd only get a Championship move).

Re: Transfer Rumours/Wishlist

Posted: Mon Jul 15, 2024 11:23 am
by Colback's Orange Tufts
Shifting players really helps if they are on big wages. Miggy, Dubravka will be to some extent. Lewis and Murphy I'd guess are cheap relatively speaking